Mexico IPOs

The so-called Mexican Moment might have lost some of its steam because of the country’s slowing growth prospects, but the country’s equity market has never had it so good.

Even as companies in Brazil and elsewhere in the emerging market world have shelved plans to raise money following this summer’s turmoil, Mexican companies have continued to come to the market. Read more

Mexico’s equity market is on fire at the moment, enjoying a record year in terms of fundraising. Volaris, an ultra low-cost airline, launched a successful IPO last week and dairy company Grupo Lala is reportedly planning a $700m offering.

Iconic photographs of Emiliano Zapata’s rough-hewn peasant army at the beginning of last century showed the blue-tiled colonial mansion of the Sanborns restaurant and retail store that is one of the best known buildings in the heart of Mexico City.

The rebels were entering what then was the inner sanctum of a minuscule middle class. Nowadays, though no longer a sanctum, Sanborns remains a symbol of middle-class lifestyle that Carlos Slim, the world’s wealthiest tycoon, has expanded into a chain of more than 400 establishments, many of them beacons of well-being in areas that once were on the very wrong side of the tracks.